There are a couple of interesting points when studying the government's proposed 2019 State Budget (that was unveiled by Indonesian President Joko Widodo on 16 August 2018). Firstly, and this is a usual phenomenon when legislative and presidential elections are around the corner, the proposed budget is characterized by a high degree of "populism". Secondly, the macroeconomic assumptions of the government seem much more realistic than usual.
13 February 2020 (closed)
USD/IDR (13,707) +28.00 +0.20%
EUR/IDR (14,853) -19.58 -0.13%
Jakarta Composite Index (5,871.95) -41.13 -0.70%